IRIS Accounts Production v23.4.0.336 08595030 director 1.8.22 31.7.23 31.7.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085950302022-07-31085950302023-07-31085950302022-08-012023-07-31085950302021-07-31085950302021-08-012022-07-31085950302022-07-3108595030ns15:EnglandWales2022-08-012023-07-3108595030ns14:PoundSterling2022-08-012023-07-3108595030ns10:Director12022-08-012023-07-3108595030ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3108595030ns10:SmallEntities2022-08-012023-07-3108595030ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3108595030ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3108595030ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3108595030ns10:FullAccounts2022-08-012023-07-310859503012022-08-012023-07-3108595030ns10:RegisteredOffice2022-08-012023-07-3108595030ns5:CurrentFinancialInstruments2023-07-3108595030ns5:CurrentFinancialInstruments2022-07-3108595030ns5:ShareCapital2023-07-3108595030ns5:ShareCapital2022-07-3108595030ns5:RetainedEarningsAccumulatedLosses2023-07-3108595030ns5:RetainedEarningsAccumulatedLosses2022-07-3108595030ns5:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3108595030ns5:ComputerSoftware2022-08-012023-07-3108595030ns5:ShortLeaseholdAssetsns5:LandBuildings2022-08-012023-07-3108595030ns5:ComputerSoftware2022-07-3108595030ns5:ComputerSoftware2023-07-3108595030ns5:ComputerSoftware2022-07-3108595030ns5:ShortLeaseholdAssetsns5:LandBuildings2022-07-3108595030ns5:ShortLeaseholdAssetsns5:LandBuildings2023-07-3108595030ns5:ShortLeaseholdAssetsns5:LandBuildings2022-07-3108595030ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3108595030ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31
REGISTERED NUMBER: 08595030 (England and Wales)















LONDON HOTELS COLLECTION LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023






LONDON HOTELS COLLECTION LTD (REGISTERED NUMBER: 08595030)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LONDON HOTELS COLLECTION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTOR: Mr R Amin





REGISTERED OFFICE: Kensington Rooms Hotel
131-137 Cromwell Road
London
SW7 4DU





REGISTERED NUMBER: 08595030 (England and Wales)





ACCOUNTANTS: Sinclairs Bartrum Lerner
Chartered Accountants
Second Floor
34 Lime Street
London
EC3M 7AT

LONDON HOTELS COLLECTION LTD (REGISTERED NUMBER: 08595030)

BALANCE SHEET
31ST JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,434 9,515
Tangible assets 5 46,673 72,132
55,107 81,647

CURRENT ASSETS
Debtors 6 221,700 130,675
Cash at bank and in hand 2,489,351 1,244,381
2,711,051 1,375,056
CREDITORS
Amounts falling due within one year 7 2,210,305 987,261
NET CURRENT ASSETS 500,746 387,795
TOTAL ASSETS LESS CURRENT LIABILITIES 555,853 469,442

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 555,852 469,441
SHAREHOLDERS' FUNDS 555,853 469,442

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

LONDON HOTELS COLLECTION LTD (REGISTERED NUMBER: 08595030)

BALANCE SHEET - continued
31ST JULY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14th March 2024 and were signed by:





Mr R Amin - Director


LONDON HOTELS COLLECTION LTD (REGISTERED NUMBER: 08595030)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023


1. STATUTORY INFORMATION

London Hotels Collection Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements -going concern
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced rentals of hotel rooms and sales of food and beverages. Revenue is recognised when rooms are occupied and food and beverages are sold.

Turnover also includes income from construction work and management fees charged for managing hotel.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over the duration of the lease

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

LONDON HOTELS COLLECTION LTD (REGISTERED NUMBER: 08595030)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independent administered fund. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Operating leasing commitments
Operating lease rentals are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1st August 2022
and 31st July 2023 10,802
AMORTISATION
At 1st August 2022 1,287
Amortisation for year 1,081
At 31st July 2023 2,368
NET BOOK VALUE
At 31st July 2023 8,434
At 31st July 2022 9,515

LONDON HOTELS COLLECTION LTD (REGISTERED NUMBER: 08595030)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023


5. TANGIBLE FIXED ASSETS
Short
leasehold
£   
COST
At 1st August 2022
and 31st July 2023 127,291
DEPRECIATION
At 1st August 2022 55,159
Charge for year 25,459
At 31st July 2023 80,618
NET BOOK VALUE
At 31st July 2023 46,673
At 31st July 2022 72,132

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 181,055 110,455
Other debtors 40,645 20,220
221,700 130,675

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 416,777 142,838
Taxation and social security 149,207 315,580
Other creditors 1,644,321 528,843
2,210,305 987,261

8. OTHER FINANCIAL COMMITMENTS

Total aggregate operating lease commitments are £4,321,250(2022: £3,513,750).